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Finnish (OMX) Medical Equipment Industry Analysis
UpdatedDec 25, 2024
DataAggregated Company Financials
Companies6
- 7D2.2%
- 3M-19.4%
- 1Y4.5%
- YTD4.1%
The Medical Equipment industry is up 1.6% in the last week, with Revenio Group Oyj up 2.1%. In the same time, Optomed Oyj was down 7.6%. This takes the industry's 12 month performance to a gain of 4.7%. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Finnish Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | €968.3m | €146.0m | €3.2m | 29.3x | 304.3x | 6.6x |
| Fri, 22 Nov 2024 | €962.5m | €146.0m | €3.2m | 29.9x | 302.5x | 6.6x |
| Sun, 20 Oct 2024 | €1.1b | €144.3m | €4.5m | 33.8x | 251.8x | 7.9x |
| Tue, 17 Sep 2024 | €1.2b | €145.0m | €3.4m | 33.8x | 344.6x | 8.1x |
| Thu, 15 Aug 2024 | €1.1b | €144.7m | €2.8m | 31.8x | 394.6x | 7.6x |
| Sat, 13 Jul 2024 | €1.1b | €140.7m | €2.7m | 29.7x | 396.3x | 7.5x |
| Mon, 10 Jun 2024 | €1.0b | €140.7m | €2.7m | 28x | 380.2x | 7.2x |
| Wed, 08 May 2024 | €946.8m | €140.5m | €2.7m | 27.5x | 355.3x | 6.7x |
| Fri, 05 Apr 2024 | €923.7m | €140.9m | €3.3m | 26.6x | 277.3x | 6.6x |
| Sun, 03 Mar 2024 | €880.3m | €142.1m | €3.4m | 25.7x | 261.2x | 6.2x |
| Tue, 30 Jan 2024 | €913.9m | €138.1m | €3.0m | 33x | 305.9x | 6.6x |
| Thu, 28 Dec 2023 | €939.7m | €138.1m | €3.0m | 34x | 314.5x | 6.8x |
| Sat, 25 Nov 2023 | €847.2m | €138.1m | €3.0m | 31.9x | 283.5x | 6.1x |
| Mon, 23 Oct 2023 | €747.9m | €139.8m | €3.7m | 27.9x | 204.8x | 5.3x |
| Wed, 20 Sep 2023 | €798.3m | €139.8m | €3.7m | 28.8x | 218.6x | 5.7x |
| Fri, 18 Aug 2023 | €842.7m | €142.7m | €7.8m | 27.9x | 108.5x | 5.9x |
| Sun, 16 Jul 2023 | €1.1b | €144.5m | €9.3m | 38.7x | 114.6x | 7.4x |
| Tue, 13 Jun 2023 | €1.1b | €144.5m | €9.3m | 41.9x | 121.5x | 7.9x |
| Thu, 11 May 2023 | €1.2b | €144.5m | €9.3m | 44x | 129.2x | 8.4x |
| Sat, 08 Apr 2023 | €1.4b | €141.2m | €9.6m | 45.8x | 140.4x | 9.6x |
| Mon, 06 Mar 2023 | €1.2b | €142.4m | €6.8m | 43.1x | 182.9x | 8.7x |
| Wed, 01 Feb 2023 | €1.3b | €139.3m | €8.0m | 46.2x | 159.5x | 9.1x |
| Fri, 30 Dec 2022 | €1.3b | €139.3m | €8.0m | 46.9x | 157.5x | 9x |
| Sun, 27 Nov 2022 | €1.3b | €139.3m | €7.9m | 51.2x | 167x | 9.5x |
| Tue, 25 Oct 2022 | €1.3b | €133.5m | €7.1m | 47.5x | 177.6x | 9.5x |
| Thu, 22 Sep 2022 | €1.3b | €133.5m | €7.1m | 47.2x | 186x | 9.9x |
| Sat, 20 Aug 2022 | €1.5b | €135.5m | €13.5m | 50x | 110.3x | 11x |
| Mon, 18 Jul 2022 | €1.5b | €124.7m | €5.9m | 65.7x | 254.1x | 12.1x |
| Wed, 15 Jun 2022 | €1.5b | €124.7m | €5.9m | 63.9x | 250.4x | 11.9x |
| Fri, 13 May 2022 | €1.5b | €124.7m | €5.9m | 62x | 247.1x | 11.7x |
| Sun, 10 Apr 2022 | €1.7b | €111.4m | €10.7m | 73.3x | 158.3x | 15.3x |
| Tue, 08 Mar 2022 | €1.5b | €110.9m | €10.7m | 60.5x | 139.7x | 13.5x |
| Thu, 03 Feb 2022 | €1.9b | €104.5m | €8.7m | 72.6x | 218.3x | 18.1x |
| Sat, 01 Jan 2022 | €2.2b | €104.5m | €8.7m | 83.5x | 252.1x | 20.9x |
Price to Earnings Ratio
252.1x
Current Industry PE
- Investors are optimistic on the Finnish Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 305x which is higher than its 3-year average PE of 235x.
- The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 28% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Finnish Healthcare industry?
| FI Market | -1.28% | |
| Healthcare | -0.087% | |
| Medical Equipment | 2.16% | |
| Medical Equipment | 2.16% | |
| Medical Supplies | 0% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 235x.
- Analysts expect its future annual earnings growth (27.1%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 235x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 27% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 27% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REG1V Revenio Group Oyj | €26.64 | 2.0% +€13.8m | -1.1% | PE37.1x | |
| NXTMH Nexstim | €8.36 | 19.8% +€9.9m | 213.1% | PS6.4x | |
| BIOBV Biohit Oyj | €2.33 | 2.2% +€759.1k | 22.6% | PE21.4x | |
| MODU Modulight Oyj | €0.91 | 1.1% +€425.7k | -20.7% | PS5.9x |